The World Bank is giving $ 30 billion against the global crisis of the war in Ukraine

Published May 19, 2022

Tridge summary

The World Bank is committing $30 billion to mitigate a global crisis caused by the halting of grain supplies from Russia and Ukraine, which threatens to lead to mass starvation in poorer countries. The bank will support projects in Africa, the Middle East, Eastern Europe, and Central and South Asia, focusing on whole economy and social protection to lessen the impact of rising prices. The funding will also include water and irrigation projects. The war in Ukraine is exacerbating an already challenging food supply situation, with at least ten million people in Europe, Asia, and Africa facing famine due to a 20% increase in global grain prices and other factors such as fuel and fertilizer costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The World Bank will provide $ 30 billion to help prevent the global crisis, challenged by Reuters. Most of the supplies of grain from the two countries are pending, which deepens the crisis and leads to mass starvation in the poorer countries of the world. The World Bank is forecasting $ 12 billion in new projects and more than $ 18 billion in existing projects related to the United States, which have been approved but not yet disbursed. "In order to stabilize the markets, it is extremely important for the parties to make clear statements about the future increase in production," the bank said in a statement. Hunger threatens 10 million people in Europe, Asia and Africa Russia has already restricted exports of wheat and corn, Ukraine has stopped exports of meat, salt, sugar, buckwheat, oats, millet and rye The new projects will support the whole economy and social protection, in order to reduce the effect of higher prices on the poor. Water and irrigation projects are also ...
Source: Money

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